Nationwide Fund Advisors held its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,720 shares of the real estate investment trust’s stock at the close of the second quarter. Nationwide Fund Advisors’ holdings in Apple Hospitality REIT were worth $107,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its position in shares of Apple Hospitality REIT by 262.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 40,192 shares of the real estate investment trust’s stock worth $752,000 after acquiring an additional 29,089 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Apple Hospitality REIT by 3.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 656,673 shares of the real estate investment trust’s stock worth $12,286,000 after acquiring an additional 24,174 shares in the last quarter. Uniplan Investment Counsel Inc. acquired a new position in shares of Apple Hospitality REIT during the 2nd quarter worth about $10,925,000. Systematic Financial Management LP acquired a new position in shares of Apple Hospitality REIT during the 2nd quarter worth about $1,662,000. Finally, Schroder Investment Management Group acquired a new position in shares of Apple Hospitality REIT during the 2nd quarter worth about $102,000. 50.44% of the stock is owned by institutional investors and hedge funds.

Shares of Apple Hospitality REIT, Inc. (NYSE:APLE) opened at $19.50 on Wednesday. The stock has a market capitalization of $4,318.46, a PE ratio of 11.06, a P/E/G ratio of 2.23 and a beta of 0.60. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.05 and a quick ratio of 0.05. Apple Hospitality REIT, Inc. has a 1 year low of $17.49 and a 1 year high of $20.68.

Apple Hospitality REIT (NYSE:APLE) last announced its earnings results on Monday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The firm had revenue of $324.90 million during the quarter, compared to analysts’ expectations of $324.66 million. Apple Hospitality REIT had a return on equity of 6.46% and a net margin of 18.37%. The business’s revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 EPS. research analysts anticipate that Apple Hospitality REIT, Inc. will post 1.73 earnings per share for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, December 4th will be paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 6.15%. The ex-dividend date of this dividend is Friday, December 1st. Apple Hospitality REIT’s dividend payout ratio is presently 118.81%.

In related news, insider Glade M. Knight acquired 5,000 shares of Apple Hospitality REIT stock in a transaction on Friday, November 10th. The stock was purchased at an average cost of $19.18 per share, with a total value of $95,900.00. Following the purchase, the insider now directly owns 10,046,357 shares in the company, valued at $192,689,127.26. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.30% of the stock is owned by corporate insiders.

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A number of analysts recently issued reports on the company. BidaskClub cut Apple Hospitality REIT from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Robert W. Baird set a $20.00 target price on Apple Hospitality REIT and gave the company a “buy” rating in a research report on Sunday, October 29th. Zacks Investment Research cut Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Canaccord Genuity reissued a “hold” rating and issued a $19.00 target price (down from $20.00) on shares of Apple Hospitality REIT in a research report on Friday, August 11th. Finally, B. Riley reissued a “neutral” rating on shares of Apple Hospitality REIT in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Apple Hospitality REIT currently has a consensus rating of “Hold” and an average price target of $19.67.

Apple Hospitality REIT Profile

Apple Hospitality REIT, Inc is a hospitality real estate investment trust. The Company invests in real estate, primarily in the lodging sector, in the United States. As of September 13, 2017, the Company owned 237 hotels, with more than 30,000 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 33 states.

Institutional Ownership by Quarter for Apple Hospitality REIT (NYSE:APLE)

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